David Beard
Private Lending for Buy & Hold
10 November 2011 | 31 replies
With that, you should have better luck with the 7.5%, but when you consider commissions to the security brokers, start-up costs, and other marketing and accounting expenses, your likely going to pay an extra point or two anyway.All of the above are merely based on my own experiences with investors who are known to me and who are accredited.
Glenn Espinosa
Negotiating REO Offers
31 October 2011 | 9 replies
I agree with Jason, the extra time between fully executed adendums and a 3 day inspection clause should be sufficient to evaluate any large (potential) problem you are worried about.Don't make any habits of backing out, but in such extreme cases where a large issue was identified after offer made, you certainly have a right and reason to either re-negotiate or back out.
David Ackerman
advice wanted on use of excess cash flow
31 October 2011 | 6 replies
My initial plan was to use the extra $6,600/year to pay down the 4.62% mortgage on my 1st property.
Elio Mariani
Holding property in LLC/Corp
25 November 2011 | 27 replies
You want to purchase hazard insurance for your rental property with a liability rider anyway, so the extra cost and hassle of an LLC may not really give you any more "asset protection" than the insurance policy already provides.There is no one-size fits all answer to your question.
Laurel Bowen
Am I Doing Something Wrong?
2 August 2012 | 25 replies
I like to keep my skills up by negotiating on EVERYTHING, I will go into a Mcdonalds and get them to throw extra food in just by asking.
George P.
no-closing cost refinancing
24 February 2021 | 4 replies
These "back end" points, as they are called, can be thought of as a reward or bonus for the broker selling a loan that makes the lender extra money, such as an interest rate slightly above market.Consider this example:Let's say the current going rate for a 30-year fixed rate mortgage is 4.5%, paying ZERO points.
Justin Lowe
first deal analysis
4 November 2011 | 16 replies
Justin, A few questions for you:You state that your offer is $50k and rehab is $22k for a total of $72k, yet your loan amount shows $90k, why the extra and who will fund more than 100% of acquisition plus rehab?
Daniel Dietz
Using Life Insurance Cash Value while Investing Long Term
27 March 2012 | 3 replies
If it's me personally, I'd pull the cash out, set your rate high and using the extra interest to pay for PUA's on your policy.
Ariella Cohen
First deal - am I missing something
16 November 2011 | 7 replies
This duplex that I'm looking at is about the same price as a Honda Accord with the extras here.
Mike Nelson
How to close deal with out-of-state seller...
4 November 2011 | 22 replies
Bc you know where the seller is, and I'm assuming he's willing to sign papers, it should only take a few extra days...